$ADA Surges 3.2% as Cardano Unveils Soft Staking, USDM Stablecoin, and $70M Network Upgrades
Cardano (ADAUSDT) has experienced a 3.20% price increase over the past 24 hours, with the current price on Binance at $0.7485 and a 24-hour trading volume of approximately $1.11 billion. The recent price uptick is attributed to several positive developments, including the launch of Soft Staking and Spot Interest features for ADA, enabling users to earn daily rewards, as well as Cardano’s release of the USDM stablecoin, completion of the Midnight airdrop, and new wallet integrations with Apple Pay and Mastercard. Additionally, the Cardano community’s approval of over $70 million in treasury funds for network upgrades and increased large ADA transfers to exchanges, alongside notable whale accumulation, have contributed to heightened market activity and bullish sentiment. Despite some mixed technical signals and resistance at key price levels, the overall market outlook for ADA remains neutral to bullish in the short term, supported by strong on-chain and community-driven developments
